Income effects and indeterminacy in a calibrated one-sector growth model

DOI10.1016/J.JET.2008.03.007MaRDI QIDQ960284zbMATHOpenAlexFDO

Authors Nir Jaimovich

Publication date 16 December 2008

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2008.03.007

zbMATH Keywords

business cyclesutility functionindeterminate equilibriasunspot shocks

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites work

• scientific article; zbMATH DE number 1154017 (Why is no real title available?)
• Capacity utilization under increasing returns to scale
• Comparing four models of aggregate fluctuations due to self-fulfilling expectations
• Growth, externalities, and sunspots
• Imperfect competition and indeterminacy of aggregate output
• Indeterminacy and increasing returns
• Indeterminacy and sunspots with constant returns
• Indeterminacy in a model with sector-specific externalities
• Indeterminacy with non-separable utility
• On characterizing equilibria of economies with externalities and taxes as solutions to optimization problems
• Real business cycles and the animal spirits hypothesis
• Tracing externalities as sources of indeterminacy.
• Understanding self-fulfilling rational expectations equilibria in real business cycle models

Cited in

(9)

• Periodic solutions of the one-sector growth model: the role of income effects
• Indeterminacy and expectation-driven fluctuations with non-separable preferences
• Aggregate instability under balanced-budget consumption taxes: a re-examination
• Non‐separable utilities and aggregate instability
• Indeterminacy and sunspots in two-sector RBC models with generalized no-income-effect preferences
• Sunspots and credit frictions
• Indeterminacy with no-income-effect preferences and sector-specific externalities
• On sunspot fluctuations in variable capacity utilization models
• Comparing recursive equilibrium in economies with dynamic complementarities and indeterminacy

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